Ollo Rewards Mastercard® Credit Card
Oct 27, 2020
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The ollo Rewards Mastercard is a custom-tailored financial product designed to cater to people with fair to average credit scores. It offers access to a great cash-back program, with 2% cash-back on purchases made at drugstores, gas stations, and grocery stores, and 1% cash-back on all other eligible purchases.
OLLO delivers a credit card that consumers can use to rebuild their score and apply for cards with better perks, lower APR, and no annual fee. Convenient online application and fast response times paired with a US-based customer support center make this card user-friendly. See the information below where you will find an in-depth OLLO Rewards Mastercard review and discover whether it is a perfect match for you.
Details
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Expert Review
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Pros/Cons
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Basic Info
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Finance & Rates
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Comments
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Alternatives
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User Reviews
Intro APR
N/A
Intro APR Period
N/A
Min. Credit Level
Fair*
Card Details
- Unlimited 2% cash back on all gas station, grocery store and drugstore purchases
- Earn 1% cash back on all other purchases
- Low Annual fee: $0-$39. Depends on your creditworthiness.
- No over the limit fees
- No returned payment fees
- No foreign transaction fees
- No rate hike when you make a late payment
https://marketprosecure.com/credit-cards/ollo-rewards-mastercard.html
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2020-10-28
InStock
Expert Review
The Ollo Rewards Mastercard may easily be the cash-back credit card you've been looking for. This card offers an easy and convenient way to apply online. The application will result in a hard pull with credit bureaus, meaning that it will reflect your credit score. Ollo offers a financial product that comes with 2% cash-back on drugstore, gas station, and grocery purchases. There is also 1% cash-back on all other purchases. A low annual fee, no ...
The Ollo Rewards Mastercard may easily be the cash-back credit card you've been looking for. This card offers an easy and convenient way to apply online. The application will result in a hard pull with credit bureaus, meaning that it will reflect your credit score. Ollo offers a financial product that comes with 2% cash-back on drugstore, gas station, and grocery purchases. There is also 1% cash-back on all other purchases. A low annual fee, no foreign transaction fee, industry average APR, and easy account management make this card one of the best cash-back cards on the market.
Who Is This Card For?
It is a good-enough indication that this card is for you if you are regular at gas stations, drugstores, and grocery shops. The Ollo Rewards Mastercard will put you in a position to earn more from every dollar you spend at the venues mentioned above. The issuer has no limits when it comes to cash-back rewards, which is a must-have perk in a rewards card.
Do you find managing your credit cards hard? Ollo's credit card will make it easier for you to enjoy spending once again. The company has a transparent policy. You can avoid penalty APRs without breaking a sweat. Surprise fees are also a no go should you choose this issuer. With OLllo, there are no over the limit, returned payment, or foreign transaction fees.
Are you looking for a credit card that can help you improve your credit score and put you in a position to earn a few bucks while doing it? The Ollo Rewards Mastercard might be the card you've been looking for.
The Ollo Rewards Card Benefits
This credit card offers a few benefits to consumers. Let's start with the one that puts it in the category of reward credit cards - cash-back bonus. This credit card has category-specific and overall cash-back bonuses. A 2% cash-back applies to purchases made at gas stations, grocery stores, and drugstores, while a 1% cash-back applies to all other purchases.
The issuer also brings another valuable perk to the deal - unlimited cash-back rewards. You can make purchases without having to worry whether you will get rewards or not. As long as you use this card to pay your bills, you will be able to cash in on rewards.
Not a direct benefit, but benefit nonetheless, is the fee-free deal Ollo offers. All cardholders are free of paying over the limit and returned payment fees. You can even use the card to make purchases abroad because you won't be charged with a foreign transaction fee; a perk many cash-back cards don't have.
And finally, the issuer offers good security and outstanding services. You will benefit from Zero Fraud Liability. If your card gets stolen and someone makes unauthorized purchases, you will still be protected. Consumers have access to US-based customer support services around the clock.
The online portal offers an easy and convenient way to manage your account anytime and anywhere.
The Disadvantages
We can say that Ollo did a great job making this card stand out from the crowd. Compared to other cash-back cards, this one comes with very few disadvantages.
Its weakest point is the annual fee. To be the proud owner of the Ollo rewards card, you will have to pay 0 to $39 every year depending on your creditworthiness. This is quite a substantial sum given that most cash-back cards have variable annual fees the issuer determines after reviewing applicants' financial footprint.
There is also the question of APR. It is slightly above the industry average. If it were below the average, this card would definitely be one of the most attractive cash-back offers.
Should You Use Ollo Rewards Card
This card is a viable financial method you can use to support your credit score rebuilding strategy and make some money on the side. If your credit score is still at the "fair" level, this card is an excellent choice. You can use it to boost your average scores and make those purchases count.
Meanwhile, you won't have to worry about any hidden fees, including late, return payment, and foreign transaction fees.
However, this card is available by invitation only.
Best Alternatives
- Upgrade Visa Card (Review) - Designed for Fair credit applicants with up to $20,000 credit line. Prequalification does not affect your credit score.
- OpenSky Secured Visa Credit Card
- Self Secured Visa Card - Start building credit with a Credit Builder Account
- Milestone Gold Mastercard (Review) - Credit building credit card siutable for those with prior bankruptcy, too.
Advantages
- Great reward program
- US-based customer support service
- No return payments, over the limit, and late fees
- No foreign transaction fees
- A good tool to build credit
Disadvantages
- Annual fee
- APR slightly above the industry average
- No bonus rewards
- No dedicated smartphone app
Basic Info |
Card Issuer: | Bank of Missouri |
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| Card Network: | Mastercard® |
| Card Category: | Consumer (Regular) |
| Common Uses: |
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| Rewards Card: | Yes |
| Reward Types: |
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| Reward Units: | Cash |
| Understanding credit card basics and data can be confusing. We are here to help. | |
Finance & Rates |
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| Introductory APR (%): | N/A |
| Applied Towards: | N/A |
| Intro Period: | N/A |
| Regular APR: | 24.99% |
| Regular APR Type: | Variable* |
| Annual Fee: | See Terms* |
| Balance Transfer: | Yes* |
| APR on Cash Advances: | 24.99%* |
| Grace Period: | See Terms* |
| Late Payment Fee: | Up to $40* |
| Understanding cards finance, terms and common credit cards rates can be complicated. We can help. | |
Ollo Rewards Mastercard® Credit Card - Alternatives & Comparison
Additional Information & Comments
At this time, OLLO products are offered by invitation only.
IMPORTANT
*The information provided for Ollo Rewards Mastercard® Credit Card is believed to be accurate at the time of evaluation or recent update on August 28, 2020. However, we strongly advise visitors to review the card fees and Terms & Conditions on card issuer's website by following Apply Now link to verify the accurancy of the information posted prior to applying for this card offer.
